5009-PC Information Sheet for Residents of Alberta

All the information you need to calculate your Alberta tax and Alberta political contribution tax credit is included on the enclosed Form T1C (ALTA.), Alberta Tax and Credit. We have included two copies of the form. Attach a completed copy to your return.

What's new for 1998?

The basic Alberta income tax has been reduced to 44 % of the basic federal tax.

Questions about alberta tax and credit

If you have questions about Alberta tax and credit, contact your Revenue Canada tax services office. You can find the address and telephone numbers listed under "Revenue Canada" in the Government of Canada section of your telephone book.

Alberta family employment tax credit

The Alberta family employment tax credit is a tax-free semi-annual payment made in January and July to families with working income that have children under age 18.

You may be entitled to receive whichever of the following three amounts is the least:

• $ 500 ($ 41.66 a month) for each child under age 18;
• $ 1,000 ($ 83.34 a month); or
• 8 % of your family's working income that is more than $ 6,500.

The credit is reduced by 4 % of the amount of family net income that is more than $ 25,000.

There is no need to apply separately to receive payments under this program. Revenue Canada will use the information from the Canada Child Tax Benefit application to determine your eligibility for the program. You (and your spouse) should file your 1998 return(s) as soon as possible. The information you (and your spouse) give on your return(s) will determine how much you will get starting in July 1999.

The program is an initiative of, and is fully funded by, the Province of Alberta.

For more information, call 1-800-959-2809.